Gradient Investments LLC Makes New $4.62 Million Investment in Lululemon Athletica Inc. (NASDAQ:LULU)

Gradient Investments LLC purchased a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULUGet Rating) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 16,945 shares of the apparel retailer’s stock, valued at approximately $4,619,000.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of Lululemon Athletica by 1.3% in the 1st quarter. BlackRock Inc. now owns 6,610,763 shares of the apparel retailer’s stock valued at $2,414,447,000 after acquiring an additional 87,610 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Lululemon Athletica by 2.8% in the 1st quarter. Jennison Associates LLC now owns 3,859,066 shares of the apparel retailer’s stock valued at $1,409,447,000 after acquiring an additional 106,577 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Lululemon Athletica by 21.8% in the 1st quarter. Wellington Management Group LLP now owns 2,824,943 shares of the apparel retailer’s stock valued at $1,031,753,000 after acquiring an additional 505,401 shares during the last quarter. State Street Corp lifted its stake in shares of Lululemon Athletica by 1.4% in the 4th quarter. State Street Corp now owns 2,824,073 shares of the apparel retailer’s stock valued at $1,105,483,000 after acquiring an additional 39,700 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Lululemon Athletica by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 1,537,635 shares of the apparel retailer’s stock valued at $601,108,000 after acquiring an additional 28,413 shares during the last quarter. Institutional investors own 81.11% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Citigroup lowered their target price on Lululemon Athletica from $400.00 to $345.00 and set a “neutral” rating for the company in a research note on Friday, June 3rd. BMO Capital Markets lowered their target price on Lululemon Athletica from $344.00 to $304.00 in a research note on Friday, June 3rd. The Goldman Sachs Group upped their price target on Lululemon Athletica from $365.00 to $383.00 in a research report on Friday, September 2nd. UBS Group upped their price target on Lululemon Athletica from $296.00 to $333.00 and gave the company a “neutral” rating in a research report on Friday, September 2nd. Finally, Barclays upped their price target on Lululemon Athletica from $435.00 to $446.00 and gave the company an “overweight” rating in a research report on Tuesday, September 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $403.69.

Insider Activity at Lululemon Athletica

In related news, Director Kathryn Henry sold 189 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $351.80, for a total value of $66,490.20. Following the transaction, the director now directly owns 4,102 shares of the company’s stock, valued at approximately $1,443,083.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.46% of the stock is currently owned by insiders.

Lululemon Athletica Stock Down 1.6 %

Lululemon Athletica stock opened at $333.24 on Monday. The company has a market capitalization of $42.49 billion, a P/E ratio of 39.02, a PEG ratio of 1.69 and a beta of 1.29. The stock’s 50 day moving average is $313.53 and its 200 day moving average is $315.66. Lululemon Athletica Inc. has a twelve month low of $251.51 and a twelve month high of $485.83.

Lululemon Athletica (NASDAQ:LULUGet Rating) last posted its quarterly earnings results on Thursday, September 1st. The apparel retailer reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.34. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.77 billion. Lululemon Athletica had a return on equity of 40.95% and a net margin of 15.60%. The firm’s quarterly revenue was up 28.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.65 EPS. As a group, equities analysts expect that Lululemon Athletica Inc. will post 9.87 EPS for the current year.

Lululemon Athletica Company Profile

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lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women and men. It operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits.

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